$NE (Noble Corporation plc)

$NE {{ '2015-06-23T16:40:56+0000' | timeago}} • SEC

$NE 1Q15 10-Q: Subsequent to March 31, 2015, NE agreed to contract dayrate reductions for five rigs working for Saudi Arabian Oil Company (Aramco), which are effective from January 1, 2015 through December 31, 2015. NE’s total debt related to the Credit Facilities and commercial paper program was $24MM at March 31, 2015.

$NE {{ '2017-07-17T19:59:32+0000' | timeago}} • Announcement

$NE appointed Robert Eifler as VP and General Manager, Marketing and Contracts, effective July 17, 2017. Simon Johnson, who previously managed $NE's marketing and contracts efforts, has left the company to pursue other interests.

$NE {{ '2017-05-05T17:51:43+0000' | timeago}} • Webcast

$NE continues to look for ways to bring down its costs. $NE continues to be much more dynamic in making decisions about stacking rigs, and lowering costs every chance when a rig goes down. $NE delivered about a 55% margin on its revenue for 1Q17. The company will continue to push on its margins and drive as much cash through the system.

$NE {{ '2017-05-05T11:58:17+0000' | timeago}} • Announcement

Offshore drilling contractor $NE reported a net loss for 1Q17, hurt by the negative impact of a non-cash, discrete tax item of $260MM, or $1.07 per diluted share. $NE reported net loss for the quarter of $301.69MM or $1.24 loss per share compared to a net income of $105.48MM or $0.42 per share a year ago. Revenue fell 40.68% to $362.97MM.

$NE {{ '2017-02-10T18:58:15+0000' | timeago}} • Webcast

On opportunities for secure debt, $NE said there are lot of opportunities that are at its disposal. Most importantly, the company added that all the alternatives for ways to access capital are open for $NE.

$NE {{ '2017-02-10T18:10:43+0000' | timeago}} • Webcast

$NE said it is improving its guidance for operating downtime to 4%. On the CapEx front, the company is reducing is guidance for 2017 to $115MM, down from the previous preliminary 2017 guidance of $125MM. In 1Q17, CapEx is expected to total about $35MM.

$NE {{ '2017-02-10T12:54:53+0000' | timeago}} • Announcement

$NE's CEO David Williams said, "Our industry continues to experience weakness, but Noble's strong base of revenue, which totals more than $1.0Bil in 2017, along with further reductions in contract drilling costs and capital expenditures, should result in another year of positive free cash flow."

$NE {{ '2017-02-10T12:49:13+0000' | timeago}} • Announcement

$NE reported a wider loss in 4Q16, hurt by lower revenue and a charge of $1.3Bil, or $5.34 per diluted share, relating to the impairment of five rigs and certain other capital spares. Net loss was $1.3Bil or $5.36 per share versus net loss of $152MM or $0.63 per share in the prior year quarter. Revenue dropped 52% to $410MM from $857.7MM in 4Q15.

$NE {{ '2016-11-21T14:12:20+0000' | timeago}} • Announcement

$NE appointed Adam Peakes as CFO and SVP, effective Jan. 23, 2017. In his new role, Peakes will oversee corporate finance, financial reporting, accounting, tax and treasury activities at the company.

$NE {{ '2016-10-31T16:26:51+0000' | timeago}} • Announcement

$NE's BoD approved elimination of its quarterly cash dividend of $0.02 per share, effective immediately. The continuation of challenging fundamentals in offshore drilling industry, which have led to lower fleet utilization, was central to its decision. Elimination is expected to reduce annual cash expenditures of about $20MM.

$NE {{ '2016-07-22T14:12:17+0000' | timeago}} • Announcement

$NE said its BoD has scheduled the payment of its quarterly cash dividend of $0.02 per share. The ex-dividend date is expected to be July 28, 2016, with a record date of Aug. 1, 2016 and a payment date of Aug. 8, 2016.

$NE {{ '2016-06-22T20:44:27+0000' | timeago}} • Announcement

For 2Q16, $NE said it expects to recognize revenues associated with these two rigs of approx. $431MM, which includes a $348MM termination fee, $52MM related to 2Q16 operations through the date of termination and $31MM for the accelerated recognition of other deferred contractual items.

$NE {{ '2016-06-22T20:44:01+0000' | timeago}} • Announcement

$NE said in addition to the $540MM, it can receive additional contingent payments from Freeport of $25MM and $50MM depending upon the average price of West Texas Intermediate crude oil over a 12-month period beginning June 30, 2016.

$NE {{ '2016-06-22T20:43:33+0000' | timeago}} • Announcement

$NE said that it has now received the full settlement value of $540MM from $FCX pursuant to the previously announced settlement and termination agreement between Noble, Freeport and Freeport's oil and gas subsidiary. $NE received $540MM in cash through the receipt of Freeport shares.

$NE {{ '2016-05-10T14:00:23+0000' | timeago}} • Announcement

$NE said its drilling contracts for drillships Noble Sam Croft and Noble Tom Madden with Freeport-McMoRan Oil & Gas and its parent $FCX will be terminated as planned, and $FCX will pay $NE $540MM. In addition, $NE can receive additional payments of $25MM & $50MM respectively, depending upon the average price of oil over a 12 month period.

$RIG {{ '2016-05-05T14:16:36+0000' | timeago}} • Webcast

$RIG, which competes with rivals $NE and $ESV, said that for rigs under contract the company is streamlining maintenance activities, delivering sustainable cost savings, while increasing uptime. To-date, $RIG said its realized savings are ranging between 20-30% for some of company's costliest areas.

$NE {{ '2016-04-22T15:22:12+0000' | timeago}} • Announcement

$NE announced a decision by its BoD to adjust the company's dividend and declare a quarterly dividend of $0.02 per share. The ex-dividend date for this payment is expected to be April 28, 2016, with a record date of May 2, 2016 and a payment date of May 9, 2016.

$NE {{ '2016-04-04T05:51:48+0000' | timeago}} • Announcement

$NE will take control of the regulation of Paragon's Mexican income, tax audit and assessment matters for specified years up to 2010. Paragon and $NE will share other income and tax liabilities arising out of such audit process. $NE expects the net amount it will pay over the period of the settlement for its portion of the taxes to be $8-12MM.

$NE {{ '2016-04-04T05:49:49+0000' | timeago}} • Announcement

As per the agreement, Paragon would release $NE from all claims relating to Paragonâ??s spin-off by $NE in 2014, including any fraudulent conveyance claim that could be brought on behalf of Paragon's creditors. Also, $NE would assume some pre-spin-off obligations relating to Paragon's Mexican tax matters.

$NE {{ '2016-04-04T05:49:22+0000' | timeago}} • Announcement

Drilling contractor $NE said it has signed a settlement agreement with Paragon Offshore, the company spun-off by $NE in 2014. This is following Paragonâ??s announcement that it has reached agreement with some of its creditors related to its restructuring efforts and intends to seek court approval of a pre-negotiated bankruptcy plan.

$NE {{ '2016-03-01T17:18:55+0000' | timeago}} • Announcement

$NE said its newbuild jackup rig, the Noble Lloyd Noble, sustained damage on Feb. 28, 2016 following the collapse of a shipyard crane boom operating near the rig. Construction on the rig was expected to be completed in 2Q16. $NE said a revised schedule of delivery & contract commencement can be determined only after thorough rig damage assessment.

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